Hugo

Contxto – Get this: proptech Alude was launched in Brazil in 2019 and its team currently consists of nine people (three of which are the co-Founders). Nonetheless, it’s attracted big names in venture capital for its seed round. Today (30) the real estate startup announced it closed US$3.3 million. And interestingly, Allude had multiple round […]

Contxto – Delivery de Mercado—iFood’s marketplace of restaurants and supermarkets—grew 240 percent last August when compared to March of this year. Evidently, Covid-19 has pushed consumers towards acquiring their edibles online. So to keep up with this momentum, iFood recently acquired SiteMercado—a white-label platform that helps grocery stores digitize their operations to work as an […]

Contxto – Uruguayan-founded, German-owned PedidosYa is upping its ante in the Dominican Republic. The startup recently announced the launch of its dark grocery store in the Caribbean country.  The startup had enabled this service in Montevideo in May of this year and it aims to open seven more locations before year’s end. Well, well, somebody’s […]

Contxto – When we envision the future, drones and autonomous vehicles are often a critical part of that picture. So just how far is Latin America from this scenario? Honestly, it’s getting closer. But it still has a long way to go, and for two big reasons which I’ll address in a bit. In any […]

Contxto – Dark store grocery startup Zipp wrapped up an investment for R$3.5 million (~US$636,000). It doesn’t come as a shocker considering users’ adoption of e-commerce as a result of the Covid-19 outbreak. The round’s leader was Anjos Alumni CSB who was joined by other angel investors like Rafael Duton (Movile). Thanks to their pretty […]

Contxto – Brazilian motorcycle delivery as a service, Mottu, raised a pre-Series A round worth US$2 million this month. The investors were Allievo Capital, Caravela Capital, Fundação Estudar, and angels. The news was kept under wraps until now. Contxto got in touch with Allievo Capital co-Founders, Guilherme Queiroz and Matheus Baldi, to discuss the nature […]

Contxto – Uber has been looking to acquire startups lately. It’s still awaiting regulatory approval in Mexico to buy Chilean-Mexican grocery delivery startup, Cornershop. More recently it announced it’s buying San Francisco’s Postmates. But it’s not alone in this shopping spree.  Sources at Bloomberg reported on Tuesday (14) that German Delivery Hero may still have […]

Contxto – Salvadoran Hugo has been very busy throughout 2020. Last we wrote about the delivery startup, it closed its Series A and launched Hugo Ventures to invest in tech startups—particularly for those from the Central American region. More recently, it’s been pilot testing drones to complement its logistics operations and it launched hugoMarket, an […]

Contxto – The 2020 Mother’s Day ordeal continues for food delivery platforms in Colombia. On May 10th, their services were overloaded with work. That led to delays in orders, charges for services that weren’t carried out, delayed refunds, to name a few. Now to add to platforms’ woes, Colombia’s Superintendency of Industry and Commerce (SIC) […]

Contxto – Usually, an equity round entails a startup announcing its plans for scaling up, product development, hiring, and so on. Although that’s not exactly the case with Salvadoran Hugo. This last-mile delivery startup recently raised a Series A investment for an undisclosed amount. But instead of highlighting the types of programmers it’ll hire, it touted […]